So I can now get my electricity for $0.05 per KWh. This is a new opportunity that has landed in front of me and I have the capital to invest a decent chunk into this. I was wondering if it is currently profitable to be doing it from scratch whilst paying the price listed above.
I've done a lot of research throughout reddit and toyed with some of the calculators but thought I'd post with my actual situation to see what other people thought.
You have to consider a lot of factors asides the capital you have to invest.
How long is this new opportunity going to last? Is the situation going to change quickly? What if situation changes, will you be prepared to keep up and keep mining?
Mining requires more than cheap electricity to be successful, there are a lot of other factors you have to look into before you start.